Skylands Capital LLC Buys Shares of 55,450 Oclaro, Inc. (OCLR)

Skylands Capital LLC bought a new position in Oclaro, Inc. (NASDAQ:OCLR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 55,450 shares of the semiconductor company’s stock, valued at approximately $518,000.

Several other large investors have also added to or reduced their stakes in OCLR. Suntrust Banks Inc. raised its position in Oclaro by 1.9% in the first quarter. Suntrust Banks Inc. now owns 19,133 shares of the semiconductor company’s stock worth $187,000 after buying an additional 355 shares in the last quarter. Cypress Capital Management LLC WY raised its position in Oclaro by 1.9% in the second quarter. Cypress Capital Management LLC WY now owns 54,500 shares of the semiconductor company’s stock worth $509,000 after buying an additional 1,040 shares in the last quarter. Tealwood Asset Management Inc. raised its position in Oclaro by 0.8% in the second quarter. Tealwood Asset Management Inc. now owns 182,695 shares of the semiconductor company’s stock worth $1,706,000 after buying an additional 1,535 shares in the last quarter. National Asset Management Inc. raised its position in Oclaro by 15.2% in the first quarter. National Asset Management Inc. now owns 12,144 shares of the semiconductor company’s stock valued at $121,000 after buying an additional 1,601 shares during the period. Finally, Aperio Group LLC raised its position in Oclaro by 9.3% in the second quarter. Aperio Group LLC now owns 22,646 shares of the semiconductor company’s stock valued at $212,000 after buying an additional 1,936 shares during the period. 74.45% of the stock is currently owned by institutional investors.

Oclaro, Inc. (NASDAQ:OCLR) traded up 0.12% during trading on Friday, reaching $8.32. 2,834,296 shares of the company’s stock were exchanged. The firm has a market cap of $1.39 billion, a P/E ratio of 10.81 and a beta of 1.55. Oclaro, Inc. has a 52-week low of $6.92 and a 52-week high of $11.30. The stock’s 50 day moving average price is $9.35 and its 200 day moving average price is $9.29.

Oclaro (NASDAQ:OCLR) last announced its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Oclaro had a net margin of 21.28% and a return on equity of 27.63%. The firm had revenue of $149.38 million for the quarter, compared to the consensus estimate of $148.04 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. Equities research analysts anticipate that Oclaro, Inc. will post $0.74 EPS for the current fiscal year.

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Several research analysts have issued reports on OCLR shares. MKM Partners reissued a “buy” rating and set a $12.00 target price on shares of Oclaro in a research note on Friday, April 21st. B. Riley reissued a “buy” rating and set a $12.00 target price on shares of Oclaro in a research note on Wednesday, May 3rd. Stifel Nicolaus decreased their target price on shares of Oclaro from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, May 3rd. Piper Jaffray Companies reduced their price objective on shares of Oclaro from $15.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, May 3rd. Finally, Cowen and Company reduced their price objective on shares of Oclaro from $17.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $12.97.

In related news, EVP David Teichmann sold 20,132 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $8.37, for a total value of $168,504.84. Following the transaction, the executive vice president now directly owns 422,126 shares in the company, valued at $3,533,194.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael H. Fernicola sold 12,869 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $8.62, for a total transaction of $110,930.78. Following the completion of the transaction, the insider now owns 106,225 shares in the company, valued at $915,659.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,001 shares of company stock worth $325,286. Insiders own 2.30% of the company’s stock.

About Oclaro

Oclaro, Inc is a provider of optical components, modules and subsystems for the core optical transport, service provider, enterprise and data center markets. The Company provides various solutions for optical networks and interconnects driving the next wave of streaming video, cloud computing, application virtualization and other bandwidth-intensive and high-speed applications.

Institutional Ownership by Quarter for Oclaro (NASDAQ:OCLR)

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